Which of the Following Items Is Reported as an Expense

question 4

Multiple Choice

Which of the following items is reported as an expense on the income statement?

• A)Dividends declared.
• B)Cost of goods sold.
• C)Dividends paid.
• D)Accounts payable.

---

Definitions:

Overseas Workers

Individuals who are employed in a country other than their country of origin, often contributing to foreign economies and remitting earnings back home.

Ethical Decision-making

The method of assessing and selecting options in a way that aligns with moral standards.

Justice

A fundamental moral concept focusing on the fairness, righteousness, and equality in the distribution of resources, opportunities, and treatment within society.

Ethics

Moral principles that guide our behavior.